USAID avails $32,4m for water projects

Thupeyo Muleya  Business Reporter The United States Agency for International Development (USAID) has availed $32,4 million for a five year Resilient Waters project to address severe water challenges facing communities living around the Limpopo River Basin and Okavango River basins. The programme is set to increase access to safe drinking …

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Businesses to benefit from bilateral agreements

Shamiso Dzingire Bulawayo Bureau BUSINESSES venturing into export markets could take advantage of trade benefits offered by Zimbabwe’s bilateral and regional agreements to grow their businesses. Zimbabwe is signatory to trade agreements with the Sadc and the Common Market for Eastern and Southern Africa (Comesa). Recently the Government signed the …

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Credible poll boon for Zim economy

Enacy Mapakame Business Reporter Zimbabwe’s economy is projected to experience double digit growth on the back of credible and peaceful harmonised elections set for Monday. On July 30, Zimbabwe will hold harmonized elections, the first without former President Robert Mugabe in 38 years. According to a new report by South …

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60% of Bulawayo shopping complex capital needs met

Construction of a $12 million shopping complex in Bulawayo’s Cowdray Park suburb by Sai Enterprises is on course, with $6 million of the project’s total capital requirements having been spent, an official has said. BY MTHANDAZO NYONI Bulawayo businessperson and Sai Enterprises proprietor, Raj Modi, told NewsDay in an interview …

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Credible elections will see GDP grow 6,5% by year-end

SOUTH African firm Emergent Research says a clear winner and a clean election will see the gross domestic product (GDP) grow to 6,5% by year end. BY TATIRA ZWINOIRA Emergent Research is an investment research and advisory firm, which also hosts the annual investment conference Financial Markets Indaba. In its …

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Potraz rolls out 146 CICs countrywide

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has rolled out over 146 community information centres (CICs) throughout the country courtesy of the Universal Service Fund (USF). BY MTHANDAZO NYONI Potraz director-general, Gift Machengete, told NewsDay recently that the programme was part of the authority’s strategy to promote universal …

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Liquid offers free wi-fi to tertiary institutions under Edu-Zones

LIQUID Telecom Zimbabwe managing director, Wellington Makamure, says the interterrestial high speed optic fibre they are working on will see the creation of communication and learning zones called Edu-Zones. BY BUSINESS REPORTER This comes after Telecom Egypt signed a memorandum of understanding (MoU) with Liquid Telecom earlier this month to …

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Zimra busts smuggling syndicate

Africa Moyo Business Reporter THE Zimbabwe Revenue Authority (Zimra), which is deepening its battle against corruption and smuggling, seized an assortment of goods worth thousands of dollars at the Beitbridge Border Post last weekend. The bulk of the confiscated goods are restricted from importation under Statutory Instrument 64 of 2016. …

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Zim earns $217m from Virginia tobacco

Tawanda Musarurwa Senior Business Reporter Zimbabwe has so far earned $216,8 million after exporting 51,3 million kilogrammes of tobacco to 52 countries, a setback of $72,8 million on export earnings realised during the same period last year. According to Tobacco Industry and Marketing Board (TIMB)’s latest weekly bulletin during the …

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